Today, The Department of Economic Development Tourism and Environmental Affairs is proud to be part of the greatest achievement of the partnership launch between Ithala Development Finance Corporation and SourceFin at Ithala Trade Centre.

Ithala Development Finance Corporation (IDFC) and SourceFin officially announced their business funding initiative, designed to support entrepreneurs in KwaZulu-Natal. This partnership is a key component of IDFC's stakeholder engagement program, aimed at promoting partnerships and resource sharing to revitalize the economy.

Sourcefin is a lending agency that is committed to supporting SMMEs with purchase order financing and invoice discounting to enable the small business owners to successfully fulfill their contracts.

The Memorandum of Understanding between IDFC and SourceFin, focuses on supporting Small, Medium, and Micro Enterprises (SMMEs) and Co-operatives operating within the province. This partnership objective is to provide access to finance, pre-and-post investment support, and a range of other services.